THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2A - THE SECURITIES CLEARING HOUSE

SECTION 779G   POWER OF COURT TO ORDER COMPLIANCE WITH PROVISIONS OF SCH BUSINESS RULES  

779G(1)  [Contravention of SCH business rules]  

If:

(a)  a person is bound to comply with a provision of the SCH business rules; and

(b)  the person contravenes the provision;

then, subject to subsection (2), the Court may, on the application of the securities clearing house, of the Commission, or of a person aggrieved by the contravention, make an order giving directions to the first-mentioned person about complying with the provision.

779G(2)  [Opportunity to be heard]  

The Court may not make an order giving directions to a person unless the person has been given an opportunity of being heard.